Putin will take over eastern Ukraine: Strategist

As news out of Russia rattled the markets Friday, Euro Pacific Capital's John Browne told CNBC it's not even near the beginning of the end of the conflict in Ukraine.

The Ukrainian government said it attacked a military convoy from Russia that crossed onto Ukrainian soil during the night. Russia denied any military vehicles had even entered Ukrainian territory, and accused Ukraine of attempting to disrupt its humanitarian aid mission to eastern Ukraine.

"[President Vladimir] Putin is very firm. I don't think this is even the beginning of the end of the Crimean offensive, and I think Putin will take over the eastern part of the Ukraine," Browne said in an interview with "Closing Bell."